State Bank of India launched two new deposit schemes, Har Ghar Lakhpati and SBI Patrons, to provide better financial options. SBI Patrons is a fixed deposit scheme specifically for senior citizens aged 80 and above. It offers higher interest rates, acknowledging the loyalty of senior customers. Both new and existing term deposit customers can avail the SBI Patrons scheme. Depositors under this scheme earn an additional 10 basis points higher interest than standard rates for senior citizens.
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